Iftar Timings Mar 29 - Ramazan 18

Lahore
LHR
06:20 PM
Karachi
KHI
06:47 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:31 PM
Quetta
QTA
06:49 PM

News

Rupee down against dollar, euro, pound 

July 17, 2020 11:37 AM


The rupee had a very poor session on Friday – the last business day of the week – as all the major currencies – dollar, euro and pound sterling – made significant gains against the local currency, reported 24NewsHD TV channel.

In inter-bank trading, the US dollar was up by 34 paisas and closed at Rs167.33. Similarly, the euro ended the week at Rs190.54 after gaining 18 paisas. Meanwhile, the pound was available for 209.89 with 52-paisa gain.

On the other hand, the open market saw the dollar reaching the exchange rate of Rs167.50 with a gain of 50 paisas. Both euro and pound too gained 50 paisas each and were traded at Rs189.50 and Rs211 respectively.

We have a look at the overall trend in the currency market during this week, the dollar gained 98 paisas in inter-bank rate and 80 paisas in the open market. The euro, meanwhile, was up by Rs3.08 in inter-bank rate and Rs2 in the open market.

Meanwhile, the pound closed the week with a gain of 52 paisas in the inter-bank trading and two paisas in the open market.

The rupee has been feeling the heat ever since the government opted for devaluation, resulting in devastating consequences for the economy with higher inflation and reduced production and consumption.  



Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Sahiba meets her father for the first time Sahiba meets her father for the first time
  5. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  6. ‘Khaie's incredible ending receives rave reviews and big applause ‘Khaie's incredible ending receives rave reviews and big applause

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer